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In 1974 he joined Goldman Sachs’s Chicago office, becoming a partner in 1982 and a managing partner in 1988. He coheaded the firm’s investment banking division from 1990 to 1994, when he was named president and chief operating officer. He became chairman and CEO of Goldman Sachs in 1999,…

role of

…investment banking and securities company Goldman Sachs Group, Inc., in the early 21st century. His tenure was marked by criticism owing to his controversial comments and high executive salary during a time of global economic crisis.

-based bank holding company Goldman Sachs Group, Inc., and the following month Berkshire Hathaway purchased $3 billion in General Electric Company (GE) preferred stock. In November 2009 Buffett announced that Berkshire was buying the railroad company Burlington Northern Santa Fe Corporation for about $26 billion; the investment group already…

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